BTC has experienced high traction among investors due to increased inflows and positive sentiments following an assassination attempt on US presidential candidate Donald Trump.
Last week, the world’s largest cryptocurrency saw a marginal increase of 4.37% on a day, to $35,616.09 on June 29 on coinmarketcap.com Index.
The analysts mentioned the weakness in the Bitcoin futures markets by saying that the trend echos the 2018 bear market, which left a devastating effect on the crypto market across the platform.
VanEck, which currently has proposed Bitcoin ETF under review by the SEC, seems to have taken an advantageous move in the case of Ethereum.
Bitcoin continued to recover from its late April crash—when it tumbled to $48,000.
